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News

May 16th, 2018
PHOTO of the Day: Hons D. Orlando Smith & Andrew A. Fahie hard @ work

LONDON, England, UK- They left the Virgin Islands on Monday May 14, 2018 to fight the ‘mother country’, the United Kingdom, over its House of Commons Bill passed on May 1, 2018 to make public beneficial ownership of offshore accounts.

May 14th, 2018
Appleby drops Paradise Papers lawsuit against BBC & Guardian

ROAD TOWN, Tortola, VI- The controversial ‘Paradise Papers’, which came to light in November 2017, little more than a year after the 'Panama Papers' leak, had seen Appleby file a lawsuit against United Kingdom media outlets the BBC and the Guardian.

May 11th, 2018
‘UK vote on public registry was unjustified & discriminatory’- Premier Smith

ROAD TOWN, Tortola, VI- He was late in coming out, when compared to the other British Overseas Territories; however, Premier and Minister of Finance Dr The Hon D. Orlando Smith (AL) came out swinging against the United Kingdom (UK) vote on making information on who owns offshore accounts public.

May 10th, 2018
'We must not panic'- Dr Natalio D. Wheatley

ROAD TOWN, Tortola, VI- Ahead of a march planned for May 24, 2018 to demonstrate the Territory’s displeasure with attempts by the United Kingdom to derail the Virgin Islands’ legitimate financial services sector, a number of persons from the sector as well as business persons will be engaged in a public discussion at The Moorings Conference Room, Wickham’s Cay II, today, May 10, 2018 to brainstorm the way forward for the industry.

May 9th, 2018
'We are not panicking in the industry'– Ayana S. Hull

ROAD TOWN, Tortola, VI- In response to the recent decision in The United Kingdom’s (UK) House of Commons to make public the register of Beneficial Owners for companies in their Overseas Territories (OTs), a group of residents has formed a committee and, with government’s and other stakeholders' participation, are planning a public demonstration in the form of a march.

May 8th, 2018
They who do no evil should fear no evil – If only this was true

Alred C. Frett

The Wicked flee when no one pursues:

My last Article was a teachable moment for Ms Jane and Mr What – This Article returns to our Bi-monthly Schedule at a time when the prospect of natural and man-made disasters rest heavy on our minds… The Hurricane Season is barely a month away, Government has not started their own recovery and the state of our Economy appears to be under direct threat from inside and outside.

May 8th, 2018
Gov Jaspert reiterates support for VI’s Financial Services

ROAD TOWN, Tortola, VI- “I recognise that this is disappointing. As I have made clear previously, I believe that the BVI is a well-regulated jurisdiction with an effective register of beneficial ownership (BOSSs) that is accessible by law enforcement. Since 2013, BVI has made it clear that the jurisdiction is committed to implementing public registers when they become the global standard.”

May 7th, 2018
Taking away financial services a ‘human rights’ issue- Premier Smith

ROAD TOWN, Tortola, VI- “Here we are as a Territory, we had one of the most severe natural disasters in a hundred years in the Caribbean and the BVI took the brunt of it. We had three things; flooding, plus Hurricanes Irma and Maria, which, left the Territory devastated. I think it was against human rights provisions to be able to now go and say we are going to take away the other part of your economy.”

May 5th, 2018
Economic vision, post public register of beneficial ownership

Dickson Igwe

OK, a very savvy mind, who over the decades has been a major player in the Virgin Islands offshore finance industry, told this writer that he was not overly concerned about the UK government’s decision to impose a public register of beneficial ownership on offshore companies of overseas territories of Great Britain. He stated over lunch, that the industry had already factored in the decision into its working culture.

May 4th, 2018
Gov’t $240M in debt; @ brink of borrowing capacity- Claude O. Skelton-Cline

ROAD TOWN, Tortola, VI- It was on the Tuesday May 1, 2018 edition of the Honestly Speaking show, aired on ZBVI 780 AM, that the Leader of the Opposition and First District Representative Honourable Andrew A. Fahie and commentator Claude O. Skelton-Cline shared with listeners their views on the financial position of the Virgin Islands (VI).



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